ANOTHER U.S. retailer Michaels warns of possible Payment Card HACKING ! U.S. SECRET SERVICE NOW INVESTIGATING … POSSIBLE TERRORIST ATTACK ON THE U.S. ECONOMNY ! BOSTON (Reuters) - Michaels Companies Inc, the biggest U.S. arts and crafts retailer, said it is investigating a possible security breach on its payment card network and advised customers to check their financial statements for fraudulent activity. If confirmed, it would mark the second known data breach since 2011 at Michaels, which is preparing to sell shares in an initial public offering. We are concerned there may have been a data security attack on Michaels that may have affected our customers payment card information, Michaels Chief Executive Chuck Rubin said in a statement on Saturday. We are taking aggressive action to determine the nature and scope of the issue. The warning comes in the wake of a massive data breach at Target Corp over the holiday shopping season, and suggests that hackers may be attacking U.S. retailers in a spree the extent of which is yet to be fully understood. Target last month said hackers had stolen some 40 million payment card records and accessed 70 million customers records. Luxury retailer Neiman Marcus has also disclosed a data breach that compromised data from about 1.1 million cards. The U.S. Federal Bureau of Investigation last week warned retailers to expect more attacks and said the agency has reviewed 20 incidents over the past year that were similar to the recent breaches. Michaels said federal investigators and an outside forensics firm were investigating to determine if there had been a breach. The company said it decided to warn the public and launch a probe into the matter after hearing that there had been an increase in fraud involving cards of customers who had shopped at its stores. It was not immediately clear how many cards might have been affected, when an attack might have occurred, or whether the systems were currently compromised. A Michaels representative declined to elaborate on the statement. U.S. Secret Service spokesman Edwin Donovan told Reuters his agency was investigating the matter
Posted on: Sun, 26 Jan 2014 11:38:33 +0000
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